Even though the Fed survey indicates that the economy grew in September, expectations for the future are becoming more pessimistic.

A national survey of the 12 regional banks of the Federal Reserve revealed on Thursday that the U.S. economy grew marginally in September, helped by a substantial upswing in travel and tourism and constant or expanding activity in manufacturing.

Higher interest rates and inflation are h...

PELOSI, SCHUMER IN FAVOR OF $908 BN CORONAVIRUS STIMULUS PLAN AS BASIS OF NEGOTIATIONS

Highlights

• The impact of these two leaders backing this coronavirus stimulus plan as basis of negotiation was immediately visible on the global stocks as they surged on the last trading day of the week

• McConnell had shot down the bipartisan plan immediately after...

U.S. ECONOMY REBOUNDS BY RECORD 33.1% IN Q3

Highlights

• As per the US Commerce Department report, this overall surge in the gross domestic product (GDP), the nation’s total output of good and services remained unchanged as per the its estimate

• This jump of 33.1 percent was the largest quarterly gain r...

U.S. ECONOMY WILL CONTRACT AGAIN WARNS JPMORGAN

Highlights

• According to JPMorgan, this COVID-19 resurgence will derail the US economic recovery and the economy is about to shrink

• “This winter will be grim and we believe the economy will contract again in the first quarter” wrote JPMorgan economists...

U.S. CONSUMER SPENDING WENT UP BY 1.4 PERCENT IN SEPTEMBER

Highlights

• After U.S. GDP surged record 33 percent in the third quarter, highest since 1947, U.S. consumers increased their spending by 1.4 percent in September

• According to the Commerce Department, the U.S. gross domestic product rebounded at a 33.1 percent annu...

DESPITE COVID-19, U.S. ECONOMY PERFORMED BETTER THAN EXPECTED SAYS CITI CEO

Highlights

• According to Citigroup CEO Michael Corbat, despite pandemic and millions losing their jobs, the U.S. managed to perform better than expectations

• Programs that have been put in place by the Fed, coming out of Treasury, have served us well said the Citi ...

GOLDMAN SACHS CEO: THE U.S. ECONOMY WILL BE AFFECTED BY HIGH UNEMPLOYMENT AND A SLOW COVID – 19 RECOVERY

Highlights

• A continuous surge in cases has forced several states to halt reopening plans
• The U.S. will observe very high unemployment for an extended period of time

On Wednesday, Goldman Sachs CEO David Solomon said that the U.S. eco...

NO PHASE 2 DEAL WITH CHINA SAYS U.S. PRESIDENT DONALD TRUMP

Highlights

• The relationship with China has been severely damaged due to their irresponsible COVID-19 response said the United States President Donald Trump

• The phase 1 trade deal was signed by the President Trump at the beginning of this year

• Ano...

A survey explores takes of wealthy Americans on US market and Economy at the year-end

Regarding the economy and stock market in 2020, the overall sentiment of the wealthy American remains optimistic albeit increased levels of anxiety. According to the results of the new CNBC Millionaire Survey, for 2020 most millionaires do not expect big things or the U.S. economy going over a cl...

The U.S. economy

American purchasers have kept the U.S. economy surging toward a record eleventh year of extension, yet the train may be coming up short on steam. After huge increments in spending in the spring and summer, families give off an impression of being reducing. Deals at U.S. retailers, for instance, r...

The US Dollar

U.S. Treasury Secretary Steven Mnuchin on Saturday dismissed the proposal that the Trump organization is weaponizing the dollar through its exchange confining strategies with different nations. "Let me get straight to the point: we are not weaponizing the U.S. dollar," Mnuchin told CNBC...

Life spans falling indicate that many struggle in the U.S. economy

On a panel discussion this month, economist Louis Johnston did not answer a question about American economic competitiveness as you might expect, such as by talking about productivity growth or trade policy.

"When I hear a question like that, my first reaction is always' compar...

U.S. economy gained 266,000 jobs

In November, the U.S. economy gained 266,000 jobs, surpassing the expectations of analysts of just 187,000 jobs a month, the U.S. reports. Administration of small businesses.

According to the United States, the national unemployment rate also dropped to 3.5 percent. Labor Statistics Dep...

U.S. securities exchange snaps 3-day win streak as China levy cutoff time comes in the center

U.S. stocks finished lower Monday, with the Dow scoring a 105 point decrease, as speculators watched out for exchange arrangements in front of Sunday's tax cutoff time and approach refreshes from worldwide national banks. The Dow Jones Industrial Average DJIA, +0.05% withdrew 105.46 focuses, ...

U.S. economy seems to be ‘accelerating again’

Goldman Sachs ' chief said Tuesday that, due to tighter monetary policy and American market optimism, the U.S. economy seems like it picks up speed after a slow start to the year.

"We are quite positive about the economy as a whole. Of course, especially in the U.S., the econom...

U.S. Job Market Sizzles, But The Fed Is On Hold So Dow Jones Rises

The U.S. economy blew up forecasts, adding in November 266,000 jobs, helped by the General Motors (GM) strike resolution. Payrolls in the private sector grew by 254,000 workers, including about 46,000 GM employees returning. The report on employment in November that trigger some retrospective hea...

Charles Payne, President Trump used the powerful U.S. economy as a tool in trade talks says Mike Pence

Vice President Mike Pence said that during a Tuesday interview with FOX Business ' Charles Payne, President Trump used the powerful U.S. economy as a tool in trade talks.

When Trump met with European world leaders at the 2019 NATO Summit in Brussels, the Vice President made the comm...

Ivanka Trump is “said” to have Created 14 Million Jobs in US

President Trump said in a speech to the New York Economic Club today that his daughter, Ivanka, has created 14 million new jobs in person. The president announced this figure— so incredibly ridiculous it would embarrass a pronouncement from the Stalin era— and then repeated it twice a...

Money Manager of 9 billion dollars sees new highs

It's an extraordinary turn.

Financial specialists have been pulling ceaselessly from development and cautious stocks — plays that will, in general, perform better during monetary stoppages — and moving into esteem names as economic situations improve and good faith begin...

FedEx Outlook Change leads to growth

Shares of FedEx Corp. tanked after the logistics company missed profit expectations for its fiscal first quarter and lowered its outlook for fiscal 2020 thanks to “increasing trade tensions” and weaker global economic conditions. FedEx FDX, +0.62%  said late Tuesday it earned $74...